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CATERPILLAR INCCATERPILLAR INCCATERPILLAR INC

CATERPILLAR INC

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CAT1 trade ideas

Caterpillar Is OversoldCaterpillar was one of the favorite value / cyclical plays coming out of 2020’s mini-depression. Now, the Dow Jones Industrial Average member just had its biggest pullback in a long time. This chart highlights the deeply oversold condition on stochastics, which fell on Monday to their lowest level in over a year. CAT also just had its worst week (-9.6%) since the depths of the coronavirus crash in March 2020: The main catalyst for the selloff appears to be the failure of a high-dollar bipartisan infrastructure bill in Congress. However, there were signs of trouble on the chart – especially the bearish divergence on MACD. However now that a liquidation has occurred, bulls may like the chart. Aside from the oversold stochastics, CAT is holding the March 2021 low around $216. Will this level become support again? Given the sharpness of the drop and the high volume, it may still be early in the process to jump into CAT. However, it remains one of the most important cyclicals / industrials in the market. Potential buyers may start getting interested – especially with a new quarter getting close. TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
NYSE:CAT
by TradeStation
Another "buy the dip" trading idea! 😁Another “buy the dip” trade, just like our idea on DE. The principle is exactly the same, but with a few more details. We have a rounded bottom, and the RSI is extremely divergent, indicating a possible rally. In the 4h chart, the RSI is at 23, and we did break the BB today, but we closed inside it in the end. Like this wasn’t enough, we are above a support at 216 area. A rally could make it hit the 231, but CAT must do the movement quickly, or it’ll lose momentum. It must not lose the 216 again, or it might keep dropping. If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉. See you soon, Melissa.
NYSE:CAT
by UnknownUnicorn21312077
8
Dead CAT bounce opportunity?CAT is in an obvious bear market and should head lower after breaking below the 100SMA. So it will continue to head lower. I believe this is was a sell the rumor on the Biden Infrastructure plan to shake out investors who jumped in. I'm targeting the Fib retracement level at 209.12 for a buying opportunity. There is also support from the 150SMA on the daily. Indicators on the daily currently are going into oversold conditions and will watch for RSI bullish divergence. I'm looking at this as an ABC corrective wave with the rebound taking it back to 234. Could be a good swing trade. A break below the 150 SMA would retrace it down to the 200SMA or the 2nd FIb retracement level at around 186.
NYSE:CAT
by BrokenTypewriter
1
Caterpillar’s Big Candle at the 50-day SMACaterpillar was the best performing member of the Dow Jones Industrial Average in the last year with a gain of more than 115 percent. It’s paused since mid-February and now the chart is showing renewed signs of life. First and foremost is the 50-day simple moving average (SMA). CAT bounced at that line several times, including late October and mid-January. The bears tried to break it in on April 29 but prices keep closing above it. That shows buyers are still active. In fact, Tuesday morning was one of those times as sellers drove the industrial giant back under $226. They retreated a few hours later, resulting in a large bullish outside candle. It was also the highest close in the past month. Those signals could bring new money off the sidelines. Finally, the recent range has been so tight that Bollinger Band Width has squeezed to its narrowest reading since August 2017. That moment, by the way, was followed by a breakout to new highs. TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
NYSE:CATLong
by TradeStation
1
CAT bear call spread CAT bear call spread CAT rally up into an 1h liquidity shelf 232-234 RBD origin supply zone. At the time, it looked good as I got the alert. Sold 237.50 calls with 240 bought. 3 DTE, 22% ROI Now that I look at it doing this write up, the Apr 29 opening candle was a liquidity spike search up at the open. I should've waited until above 234.70 and sold the 240 strike. I did my best to structure the trade behind all the March and April spike highs. So market must break the range and hold it up there to get me. Hopefully buyers run out of steam in the 233 range and sellers start to exert again to give me a push lower into Friday
NYSE:CATShort
by claypuzzle